Autumn Loans Sale

Saving & Borrowing In Harmony
The Workplace Savings Scheme From Wave Community Bank
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Autumn Loans Sale

Make the most of our great loan rates when you repay through payroll. This Autumn offer is available between 1st and 31st October 2025.

 

Loans £5000-£10,000 – 12%APR Loans

£10,001 – £35,000 – 9.9% APR

Usual interest rate from 13.8 – 21.9% APR

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Autumn Loan Sale Offer for Chorus Workplace Savings

Loan Value

Representative Rates
  • £5000-£10,000
  • £10,001-£35,000

APR

Percentage
  • 12%
  • 9.9%

Loans £5000-£10,000 – 12%APR
Loans £10,001 – £35,000 – 9.9% APR
Usual interest rate from 13.8 – 21.9% APR

 

This special rate is available for loan applications received between 1st and 31st October 2025 and are only available to employees of our Employer Partners who repay their loans directly from their salary.
Any existing loans cannot be refinanced at this promotional rate.
Terms & Conditions apply. Subject to Status. Authorised and regulated by the FCA and PRU.

How Our Loans Work

Our Payroll Loans have two simple components to the repayments: 1. The loan repayment 2. A savings contribution The loan repayment goes towards paying off your loan and the interest. The savings component is put into your own savings account and is held in there until the loan period has finished and you have repaid the money owed. This means that our members have created a savings pot for themselves – often for the first time in their lives!

Loan Terms & Conditions

Loans £5000 – £35,000. Maximum term 84 months. The actual interest rates and repayment amounts may vary subject to loan amount and status. We will need proof of your income including any wages, self-employment income and benefits. Each Loan application is assessed on an individual basis and takes into consideration a variety of factors including the affordability of the loan, previous savings and borrowing patterns with the Credit Union, credit history and so on. We will carry out a credit check as part of the loan application process. If you require an AN1 as security for your loan the rate is increased by an additional 1% APR PLEASE NOTE: Your credit score will be adversely affected if you are late or fail to keep up with payments on a loan.

Loan Repayments

You will be asked to make repayments through a payroll scheme. Repayments can be made in line with how you receive your income – weekly or monthly. All our loans have a savings element to the repayments and these savings are held as collateral against outstanding loan balances. If you miss a repayment Wave Community Bank reserves the right to deduct the repayment from your savings. If your circumstances change and you have problems meeting your repayments, please contact our credit control department. Failure to meet repayments could have a serious effect on your credit report. All loans provided by Wave Community Bank are subject to status and our lending policy. Applicants must be aged over 18. The Credit Union reserves the right to decline any application or offer a loan that differs from those advertised. .

Contact Us

Phone: 0300 303 3188
Email: info@wavecb.org.uk

Addresses:
East Sussex, Brighton & Hove:
Tisbury Road Offices, Hove Town Hall, Tisbury Road, Hove, BN3 3BQ
Kent & Medway: 39-48 Marsham Street, Maidstone, Kent, ME14 1HH 

Opening Hours

Our phones are open Monday to Friday between 9.30am-1.00pm and we continue to monitor our emails between 9.30am to 4.00pm.